FORM 10-Q (MARK ONE)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended March 31, 2026 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-43018 CRANE HARBOR ACQUISITION CORP. II(Exact Name of Registrant as Specified in Its Charter) Securities registered pursuant to Section 12(b) of the Act: Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months(or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements forthe past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See definitions of “large accelerated filer”, “accelerated filer”, “smaller reportingcompany”, and “emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☒No☐ As of May 12, 2026, there were 35,400,000Class A ordinary shares, $0.0001 par value and11,500,000Class B ordinary shares,$0.0001 par value, issued and outstanding. CRANE HARBOR ACQUISITION CORP. II FORM 10-Q FOR THE QUARTER ENDED MARCH 31, 2026TABLE OF CONTENTS PagePart I. Financial Information1Item 1. Financial Statements1Condensed Balance Sheets as of March 31, 2026 and December 31, 2025 (Unaudited)1Condensed Statement of Operations for the Three Months Ended March 31, 2026 (Unaudited)2Condensed Statement of Changes in Shareholders’ Deficit for the Three Months Ended March 31, 2026(Unaudited)3Condensed Statement of Cash Flows for the Three Months Ended March 31, 2026 (Unaudited)4Notes to Condensed Financial Statements (Unaudited)5Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations15Item 3. Quantitative and Qualitative Disclosures Regarding Market Risk18Item 4. Controls and Procedures18Part II. Other Information19Item 1. LegalProceedings19Item 1A. Risk Factors19Item 2. Unregistered Sales of Equity Securities and Use of Proceeds19Item 3. DefaultsUpon Senior Securities20Item 4. MineSafety Disclosures20Item 5. Other Information20Item 6. Exhibits20Part III. Signatures21 PART I - FINANCIAL INFORMATION CRANE HARBOR ACQUISITION CORP. IICONDENSED BALANCE SHEETS CRANE HARBOR ACQUISITION CORP. IICONDENSED STATEMENT OF OPERATIONSFOR THE THREE MONTHS ENDED MARCH 31, 2026(UNAUDITED) General and administrative costs$246,313Loss from operations(246,313)Other income:Interest earned on cash and investments held in Trust Account3,051,470Total other income3,051,470Net income$2,805,157Basic and diluted weighted average shares outstanding, Class A ordinary shares35,400,000Basic and diluted net income per share, Class A ordinary shares$0.06Basic and diluted weighted average shares outstanding, Class B ordinary shares11,500,000Basic and diluted net income per share, Class B ordinary shares$0.06The accompanying notes are an integral part of these unaudited condensed financial statements.2 CRANE HARBOR ACQUISITION CORP. IICONDENSED STATEMENT OF CHANGES IN SHAREHOLDERS’ DEFICITFOR THE THREE MONTHS ENDED MARCH 31, 2026(UNAUDITED) CRANE HARBOR ACQUISITION CORP. IICONDENSED STATEMENT OF CASH FLOWSFOR THE THREE MONTHS ENDED MARCH 31, 2026(UNAUDITED) Cash Flows from Operating Activities: Net income$2,805,157Adjustments to reconcile net income to net cash used in operating activities:Interest earned on cash and investments held in Trust Account(3,051,470)Changes in operating assets and liabilities:Prepaid expenses(45,460)Prepaid insurance24,375Accounts payable and accrued expenses42,433Net cash used in operating activities(224,965)Cash Flows from Financing Activities:Payment of offering costs(17,044)Net cash used in financing activities(17,044)Net Change in Cash(242,009)Cash – Beginning of period2,194,564Cash – End of period$1,952,555 The accompanying notes are an integral part of these unaudited condensed financial statements. CRANE HARBOR ACQUISITION CORP. IINOTES TO CONDENSED FINANCIAL STATEMENTSMARCH 31, 2026(UNAUDITED) NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS Crane Harbor Acquisition Co